{"id":52349,"date":"2017-04-20T13:00:19","date_gmt":"2017-04-20T06:00:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-newlyweds-what-capital-gains-tax-will-we-pay-if-we-sell-one-of-our-flats\/"},"modified":"2017-04-20T13:10:35","modified_gmt":"2017-04-20T06:10:35","slug":"as-newlyweds-what-capital-gains-tax-will-we-pay-if-we-sell-one-of-our-flats","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-newlyweds-what-capital-gains-tax-will-we-pay-if-we-sell-one-of-our-flats\/","title":{"rendered":"As newlyweds, what capital gains tax will we pay if we sell one of our flats?"},"content":{"rendered":"


\nMy husband and I are worried about how much time we have to sell before CGT and higher rate stamp duty kick inQ I recently got married and we each own a flat. I was told by a friend that if we wanted to avoid capital gains tax (CGT) we would have to sell one of the flats in the first three years of getting hitched. I am thinking of selling my flat to buy a house but since we would still have his flat, would we have to pay second home stamp duty or does that come under the same three-year allowance? Would we be better off selling both flats within the first three years and buying one together to avoid these massive tax penalties? Some sage advice would be most welcome as the extra 3% stamp duty would definitely have an impact on our search parameters. RR Continue reading…
\n
\nSource : theguardian.com
\nRead more…As newlyweds, what capital gains tax will we pay if we sell one of our flats?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My husband and I are worried about how much time we have to sell before...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-52349","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-dCl","jetpack-related-posts":[{"id":111403,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-thinking-about-getting-married-will-i-get-hit-with-more-tax\/","url_meta":{"origin":52349,"position":0},"title":"I'm thinking about getting married \u2013 will I get hit with more tax?","date":"October 7, 2019","format":false,"excerpt":"\r I was told if I sell my property I might be liable for stamp duty and capital gains taxQ My long-term partner and I are thinking about getting married, mainly as we are worried that if one of us dies suddenly, the other will face an inheritance tax bill\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":963,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/does-the-3-stamp-duty-for-second-properties-apply-in-scotland\/","url_meta":{"origin":52349,"position":1},"title":"Does the 3% stamp duty for second properties apply in Scotland?","date":"January 7, 2016","format":false,"excerpt":"\r We might rent out our flat and buy a house, but are unsure if the stamp duty rules apply to our new house even though we\u2019d be living in it Q I live with my wife in a flat in central Glasgow and we\u2019re looking to move somewhere quieter\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10764,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stamp-duty-u-turn-brings-tax-relief-for-granny-flat-buyers\/","url_meta":{"origin":52349,"position":2},"title":"Stamp duty U-turn brings tax relief for \u2018granny flat\u2019 buyers","date":"April 16, 2016","format":false,"excerpt":"\r Changes to new rules for second homes follow outcry over plan to consider granny flats as second homesThe government has announced changes to the rules around the new stamp duty charge on second homes, after it emerged that people buying homes with granny flats would face higher tax bills.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136541,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-are-unmarried-and-plan-to-buy-a-house-but-what-about-capital-gains-tax-and-stamp-duty\/","url_meta":{"origin":52349,"position":3},"title":"We are unmarried and plan to buy a house but what about capital gains tax and stamp duty?","date":"May 8, 2023","format":false,"excerpt":"\r I own a property, which is in a family probate trust, and she inherited one, and we aim to sell them and use the proceedsQ My partner and I intend to buy a property and move in together. She inherited a property 20 years ago (worth \u00a3300,000) when her\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/did-we-pay-4000-stamp-duty-unnecessarily-when-selling-our-flat\/","url_meta":{"origin":52349,"position":4},"title":"Did we pay \u00a34,000 stamp duty unnecessarily when selling our flat?","date":"April 4, 2022","format":false,"excerpt":"\r Shared-ownership property was sold under process of back-to-back staircasingQ My fiancee and I have recently sold our shared-ownership flat under an increasingly popular process known as back-to-back or simultaneous staircasing. We owned 40% but decided, with a view to making the flat more marketable, we would sell 100% \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-i-sell-a-buy-to-let-property-and-buy-another-can-i-defer-cgt\/","url_meta":{"origin":52349,"position":5},"title":"If I sell a buy-to-let property and buy another, can I defer CGT?","date":"January 27, 2020","format":false,"excerpt":"\r A landlord appears to be hoping he can claim business asset roll-over relief to delay paying taxQ If I sell a buy-to-let property and immediately use proceeds to buy another, is the payment of capital gains tax deferred?SKA Short answer: no. You are clearly hoping that selling a buy-to-let\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52349"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=52349"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52349\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=52349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=52349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=52349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}